Economic Trivia

The oil sector accounts for 65% of the GDP, 85% of government revenue, and 92% of exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): China, India, and France
Top 3 Exported Goods (2019): Oil & Mineral Fuels, Wood, and Ships & Boats

Top Industries Source: CIA World Factbook

Petroleum Extraction; Cement; Lumber; Brewing

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $20,077,885,513 (2020)
GDP Growth Rate (annual %) -7.949% (2020)
GDP Per Capita, PPP (current international) $3,639 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 148/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.818% (2020)
External debt stocks, total (DOD, current US$) $6,180,775,667 (2019)
Total tax rate (% of commercial profits) 54.3% (2019)
Real Interest Rate (5 year average %) 20.529% (2012)
Manufacturing, value added (% of GDP) 8.28% (2019)
Current Account Balance (BoP, current US$) ($3,593,571,061) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,150,245 (2020)
Employment in Agriculture (% of total employment) 33.776% (2020)
Employment in Industry (% of total employment) 21.746% (2020)
Employment in Services (% of total employment) 44.478% (2020)
Unemployment Rate 10.27% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $6,089,750,272 (2020)
Exports of goods and services (current US$) $6,314,196,315 (2020)
Total Merchandise Trade (% of GDP) 46.276% (2020)
FDI, net inflows (BoP, current US$) $3,366,085,029 (2019)
Commercial Service Exports (current US$) $225,956,415 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Republic of Congo’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank